Shares of Sirf plunged 24% to $2.44 Monday after word spread that the U.S. International Trade Commission ruled its chips infringed on several Broadcom patents.
The Street notes this is just one in a number challenges in recent years:
According to iSuppli, an industry research firm, Sirf had more than a 90% share of the market for GPS chips in cell phones in 2006. In the first quarter of 2008, Sirf's share had dwindled to 36%, while Texas Instruments(TXN - Cramer's Take - Stockpickr) had grabbed 35% and Infineon(IFX - Cramer's Take - Stockpickr) had 21%.
SiRF now has little to offer a buyer and the analysis seems to point straight down for the GPS chip maker.
Comments
January 7
Adena,
I thought your statements on [...]
Adena Schutzberg about Update: Google Earth Enterprise Hits the Road
January 7
Links are at the very end of the [...]
Ron about Off Topic: Why We Need Libraries
January 7
Someone has to say it first: as Anne [...]
Brian about Update: Google Earth Enterprise Hits the Road
January 7
Can you please provide links?
Adena Schutzberg about Off Topic: Why We Need Libraries
January 7
Jude,
Good points. I think at least [...]
Jude about Off Topic: Why We Need Libraries
January 7
As a librarian, I would mention other [...]
jay parrish about Off Topic: Why We Need Libraries
January 7
Well done. Libraries are critical to a [...]